We are actually at a number that if sustained, might show a meager recovery in the unemployment rate.

The longer term numbers, continuing claims rose by 57K to 4.13 million, and extended benefits fell by 151.5K to 4.53 million.

I would expect the numbers to rise next week, the Christmas season is over, and this sort of move one week tends to have a rebound, but if somewhere around 375K is the new normal, then things are turning up a big.

30 December 2010

After I finish work today, I will be packing up my apartment, and turning in my key, because I gave notice a couple of weeks ago, because I found a job in my area.

I liked working at Niitek, and their work, designing ground penetrating radar to find mines and IEDs was about as worthwhile as one can find in defense related work, but I am glad to be going back to being a 7 day a week daddy and husband, as opposed to being a 3 day a week one.

29 December 2010

The financial regulators are looking to limit individual members of the clearing houses to 20%, while Justice's anti-trust regulators want there to be a 40% limit applied to all, "banks and other major swaps players," in order to prevent 3 or 4 of the big players to create a monopoly situation, in addition to more strictly regulating the boards of these clearing houses.

I'm not sure if it is good news that the DoJ is asking for more, or bad news that the SEC and CFTC asked for so little to start with.

Controversial image board 4chan came under a denial of service attack on Tuesday.

A status message on 4chan's status boards (below) reported that the birthplace of anonymous and home of midget porn had joined the "ranks of MasterCard, Visa, PayPal" as victims of a denial of service attack.

Site is down due to DDoS. We now join the ranks of MasterCard, Visa, PayPal, et al.—an exclusive club!

The Anonymous contingent of 4chan was behind the attacks on Mastercard et al over the refusal of many elements of the banking industry to do business with Wikileaks. In response, patriot hacktivists have launched denial of service attacks on 4chan IRC channels.

This could get … interesting.

As to who I root for in this conflict, God bless them both, and keep them far away from me!

Federal prosecutors are refusing to reveal customers from Oakland County and the 248 area code who hired hookers from a high-priced escort service but are willing to out clients from Detroit, according to federal court records.

The legal tactic was unveiled in records filed Tuesday in U.S. District Court in Detroit involving the Miami Companions escort service.

………

Paul DeCailly, the attorney for Miami Companions co-owner Greg Carr, flew to Detroit last week to review the black book. He wanted to see the names of clients from Michigan and Ohio, but the U.S. Attorney's Office said he could see only the names from the 313 and 734 area codes, he said.

"There must be something there they don't want anybody to see," DeCailly said Tuesday. "In the 248 area code, a lot of influential people live there: musicians, Detroit's sports elite, politicians. ... It's the center of a lot of activity in the business community."

What has gone so catastrophically wrong with DOJ, and why has it continued so long? The fundamental flaw is that DOJ’s senior leadership cannot conceive of elite bankers as criminals. On Huffington Post, David Heath writes:

Benjamin Wagner, a U.S. Attorney who is actively prosecuting mortgage fraud cases in Sacramento, Calif., points out that banks lose money when a loan turns out to be fraudulent. An investor in loans who documents fraud can force a bank to buy the loan back. But convincing a jury that executives intended to make fraudulent loans, and thus should be held criminally responsible, may be too difficult of a hurdle for prosecutors. ‘It doesn’t make any sense to me that they would be deliberately defrauding themselves,’ Wagner said.”

(emphasis original)

What is going on here is that the prosecutors are assuming that the agents of the financial institutions are perfect agents of those institutions, and that they would never act in their own personal benefit if it were detrimental to their employer in the long term.

This has a number of names, most commonly, it is called the principal agent problem, and the (now unconstitutional) theory of the theft of honest services prosecutions was based on this.

The facts here, though not necessarily the law, are clear: Various high level agents at financial institutions engaged in activities that were likely to blow up in the long term, but were unlikely to do so before these agents profited from them.

The only question is whether this behavior was merely stupid or negligent, in which case, a life-time ban from the financial industry is warranted, or fraudulent, in which case, incarceration is warranted.

The calculus here is not rocket science, and the fact that prosecutors are sticking to such a transparently false theory is to my mind more of an indication of corruption than it is of stupidity or wrong headedness.

Without jail time, we will see the behavior repeated.

Hell, we are seeing it repeated right now, that's why the bonuses are so big this year.

The interesting thing here is that her misdeeds, which will likely result in nothing more than fines, were unnecessary, because federal campaigns are allowed to pay their candidates up to an amount equal to the wages of the office that they are running for.

28 December 2010

Chaim Amsellem was certainly not the first Parliament member to suggest that most ultra-Orthodox men should work rather than receive welfare subsidies for full-time Torah study. But when he did so last month, the nation took notice: He is a rabbi, ultra-Orthodox himself, whose outspokenness ignited a fresh, and fierce, debate about the rapid growth of the ultra-religious in Israel.

“Torah is the most important thing in the world,” Rabbi Amsellem said in an interview. But now more than 60 percent of ultra-Orthodox men in Israel do not work, compared with 15 percent in the general population, and he argued that full-time, state-financed study should be reserved for great scholars destined to become rabbis or religious judges.

“Those who are not that way inclined,” he said, “should go out and earn a living.”

In reaction, he was ousted from his own ultra-Orthodox Shas Party, whose leaders vilified him with such venom that he was assigned a bodyguard. The party newspaper printed a special supplement describing Rabbi Amsellem as “Amalek,” the biblical embodiment of all evil.

Actually, "Amelek" means more than the embodiment of evil.

The Torah says that they are to be killed, the men, women, children, their animals, etc. There is an affirmative requirement that they and their families be murdered, and that their works be destroyed.

This is what happens when you f%$# with somone's welfare check, I guess.

As an aside, one of the towering figures of Judaism in the past 500 years, the Baal Shem Tov, worked digging lime, as a kosher butcher, and later running an inn, and it is ludicrous to suggest, as the Heredim do, that there are tens of thousands of people whose scholarship is so valuable that they cannot be allowed to do productive work.

Ed Miliband is to distance Labour from its trade union paymasters by diluting the party's financial dependence on them and reducing their role in electing the party leader.

Labour has proposed introducing a ceiling on donations to any political party which could be as low as £500, The Independent has learnt. The move could break the long-running deadlock between the parties on agreeing a new system of financing politics.

Seems reasonable, if he can get the Tories to forswear big money from the rich bankers who fund them, but there is also this:

He also wants to change Labour's culture by allowing the public a vote when the party chooses its leader. He plans to give 25 per cent of the votes to non-party members who register as Labour supporters. MPs, trade unionists and party members would also each have a quarter of the votes in Labour's electoral college. At present, MPs, union and party members each have a third of those votes.

Mr Miliband's moves are bound to cause tensions with the unions. They are all the more surprising because he depended on union support to defeat his brother, David, for the Labour leadership in September.

So, it appears that Milibrand's vision of the Labour Party is one in which actual labo(u)r has a significantly diminished role.

I suggest that he look south and east to Israel, where the Israeli Labor party most recently polled in 4th place in elections, as compared to a party, ad its predecessors, that controlled the government for the first 29 years of Israel's existence.

Basically, if you take labor out of a labor party, you have nothing left.

Cambridge computer scientists have become embroiled in angry exchanges with Britain's banks and credit card lenders, accusing them of bullying and trying to "censor" a PhD student who was exposing flaws in chip-and-pin machines.

A leading Cambridge academic has now written to bankers' representatives demanding that they stop pressing for the removal of a student's doctorate work from the web.

Professor Ross Anderson, from Cambridge University's Computer Laboratory, has previously researched glitches in chip-and-pin banking that allow withdrawals to be made from accounts without needing to know the holder's PIN. As part of his thesis work, one of his students, Omar Choudary, exposed how easy it was to make such a withdrawal.

Then the UK Cards Association, a trade body representing leading banking organisations, approached the university asking it to remove the thesis from his website, which is accessible through a university site.

So, the knowledge is out there, and it is public, it has actually been discussed on the BBC, and the banks want to pretend that it never happened.

This is why you cannot rely on market mechanisms for this kind of stuff.

There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.

Click for full sizeThe trailing edge of the wing implies that stealth is not a high priority

The tail arrangement resembles MiG's Project 1.44

It appears that the Chinese stealthy aircraft is the real deal.

The insignia, which I noted earlier when I called hoax, appears to be correct at the higher resolutions.

As Bill Sweetman notes, the fact that the the planform appears to be a fairly conventional clipped delta, which, "Has some signature implications, with what looks like an almost unswept trailing edge, because edges scatter forward and backwards."

The size of the aircraft is still not yet clear, though it appears to be at least as large as the F-22.

At that size, it is likely to be intended either as a strike aircraft, or as an interceptor, or (more likely, it will be expensive, and expensive single taskers are bad) both, rather than the sort of "air dominance fighter" that the F-22, and (probably) the PAK-FA are.

The bottom picture of the abortive MiG 1.44 project shows that the arrangement at the back is very similar to that project, and it should be noted that this project did not have stealth as a priority.

Please note that anything that I say here come from a perspective of rather profound ignorance though.

Did the bill pledging federal funds for the health care of 9/11 responders become law in the waning hours of the 111th Congress only because a comedian took it up as a personal cause?

And does that make that comedian, Jon Stewart — despite all his protestations that what he does has nothing to do with journalism — the modern-day equivalent of Edward R. Murrow?

Simply put, the policy here, medical care for 911 first responders, and the politics here, blocking medical care for 911 first responders would be seen unequivocally evil by the bulk of the American electorate, but somehow or other, the Democrats could not be bothered to hammer the Republicans with this, because, I guess, little Barry Obama doesn't want Republicans to think that he's mean.

This is something that Bill Clinton would have hammered every single day.

I do understand that it's tough to get the attention of the press on this, what with, as Stewart observes, "it’s not every day that Beatles songs come to iTunes," but this is absolutely pathetic.

Internal United Nations maps show a marked deterioration of the security situation in Afghanistan during this year's fighting season, countering the Obama administration's optimistic assessments of military progress since the surge of additional American forces began a year ago.

The Wall Street Journal was able to view two confidential "residual risk accessibility" maps, one compiled by the U.N. at the annual fighting season's start in March 2010 and another at its tail end in October. The maps, used by U.N. personnel to gauge the dangers of travel and running programs, divide the country's districts into four categories: very high risk, high risk, medium risk and low risk.

In the October map, just as in March's, nearly all of southern Afghanistan—the focus of the coalition's military offensives—remained painted the red of "very high risk," with no noted improvements. At the same time, the green belt of "low risk" districts in northern, central and western Afghanistan shriveled.

I don't think that these are raw photos, and that some photo-shopping has been done, most notably the oversize tail insignia, which is most assuredly NOT a PLAAF symbol, as Stephen Trimble observes.

Some other oddities, to my (very) untrained eye:

The wing has anhedral, and the canard dihedral, which would be a no-no in stealth design, you would want the surfaces more or less parallel.

The same goes for the drooping wing tips, which are absent on the front view but present in the rear view.

Pictures 1 and 3 of the aircraft appear to be with the power and the hydraulics unpowered, but there is no gravity caused droop in what are supposed to be axisymmetric thrust vectoring nozzles. (They pretty much have to be with the small tail size).

On the top picture, it appears that the observers in the rear are about 1½ feet taller than the ones around the front of the aircraft.

While I think that it is clear that the Chinese are looking at developing some sort of stealthy fighter or attack aircraft, I really don't think that it has gotten to the point where a 70 foot long demonstrator of some sort is flying.

It's possible that the pictures are real, though there appears to be at least a bit of digital wizardry involved.

According to a recent survey by job-placement firm Manpower, 84% of employees plan to look for a new position in 2011. That's up from just 60% last year.

Most employees have sat tight through the recession, not even considering other jobs because so few firms were hiring. For the past few years, the Labor Department's quits rate, which serves as a barometer of workers' ability to change jobs, has hovered near an all-time low.

But after years of increased work and frozen compensation, "a lot of people will be looking because they're disappointed with their current jobs," said Paul Bernard, a veteran executive coach and career management advisor who runs his own firm.

As I've said before, people have never been too fond of their bosses, but after years of cheap labor economics and employers using loyalty as a resource to be strip mined, they hate their employers too.

If healthcare reform ever really works, one of the things that will happen is that there will no longer be the threat of losing one's insurance to keep employees from looking, and at that point, it's going to get ugly for employers.

Some people see this as meaningless pork, but I remember the issues with Pratt and Whitney as the soul source supplier for F-15s and F-16s in the late 1970s and early 1980s, and it was ugly, so I am inclined to support the engine as a 2nd best alternative, with the first best alternative to be cancellation of the JSF.

It's a fan in wing concept, with 4 fans and 2 thrusters, (Videos at link) better known as a bunch of complex moving equipment that can fail at an inopportune time.

Remember, you don't just have the fans,. you 6 fans, and their associated transmissions, plus shutters and vanes for control in VTOL mode, as well as thick low aspect ration wings which don't have space to carry things like fuel, because they have the fans.

For a second it looked as if someone had mischievously switched teleprompter scripts on Pat Robertson, the tele-evangelist and founding member of the Christian Coalition. There he was on The 700 Club, a religious affairs TV talk show talking breezily about why America should legalise marijuana.

But this is the season for compassion and Mr Robertson – who usually makes waves nowadays only when he finds celestial or satanic cause for assorted disasters like the Haiti earthquake (a pact with the Devil to eject the French two centuries ago) or Hurricane Katrina (legalised abortion) – seemed to be serious. He said incarcerating people for taking "a couple of puffs" of pot might not be effective public or social policy.

Here's a surprise, he's significantly to the left of Barack Obama on this, probably because he's at a point in his life where good government policy trumps electoral success.

It's pretty much a piece of fluff, with Jack Black playing Jack Black, but Jack Black is amusing.

The plot bears a reasonable relationship first two parts of the book, though it lacks the social and political satire that John Swift put in, but considering that the original was written in 1726, this is unsurprising.

While a Jack Black vehicle, the best performance is actually by Chris O'Dowd, who is the heavy in the film.

Additionally, Amanda Peet gives a good performance, and is just plain hawt in this, though without showing any skin.

A special shout out to the send up of giant robots.

It's interesting to see the effect of CGI here, because one of the old school, and rather convincing, techniques used in such films, forced perspective, would have helped to make it more realistic.

It was a fun movie, but I would have preferred to see it on pay per view for about ⅕ the price.

I get the entire thing about complaining about commercialism, but why the name of the Flying Spaghetti Monster does every sort of complaint in Texas have to be solved with the excess applications of firearms?

You really cannot determine the mass or size of the projectile accurately from the video, but given an energy of 33MJ, and its size appearing near to that of a 5" naval round, one could assume a mass of the round of somewhere between 10 and 32 kg. (The latter is the weight of the current 5" round)

This would give a velocity of somewhere around 1500 to 2500 m/s (5000 - 9000 km/h, 3000-5500 mph, or Mach 4-9.5).

By way of comparison, the 16 inch guns on the Iowa class have a muzzle energy of about 410 MJ, 1225 kg at 820 m/s, but velocity here can translate into a lot more range, something well in excess of 200 km, and this technology is in its early stages, so achieving an order of magnitude improvement in energy is certainly possible.

A note, based on comments with people who have used capacitors to use an arc to generate hypersonic shock waves for high speed simulations.

First, the power cables are almost certainly coaxial to minimize impedance, and the sheath on the outside is doubtless very heavy, because the high current generates forces that would otherwise blow the conducting jacket off. (in the wind tunnel case, the capacitor room looked "like a porcupine turned inside out", I wish that I had been there for that.)

And BooMan is definitely a fanboi, or he does not understand that SDNWOTN* when he says, "At this point in his presidency I think it is fair to say that Obama is already in the conversation as best president since Abraham Lincoln."

Two in five Americans say they regularly attend religious services. Upward of 90 percent of all Americans believe in God, pollsters report, and more than 70 percent have absolutely no doubt that God exists. The patron saint of Christmas, Americans insist, is the emaciated hero on the Cross, not the obese fellow in the overstuffed costume.

There is only one conclusion to draw from these numbers: Americans are significantly more religious than the citizens of other industrialized nations.

Except they are not.

Beyond the polls, social scientists have conducted more rigorous analyses of religious behavior. Rather than ask people how often they attend church, the better studies measure what people actually do. The results are surprising. Americans are hardly more religious than people living in other industrialized countries. Yet they consistently—and more or less uniquely—want others to believe they are more religious than they really are.

If this is true, then the only surprise is that I am apparently more religiously observant than the average America, which buggers the mind.

The CIA has launched a taskforce to assess the impact of 250,000 leaked US diplomatic cables. Its name? WikiLeaks Task Force, or WTF for short.

The group will scour the released documents to survey damage caused by the disclosures. One of the most embarrassing revelations was that the US state department had drawn up a list of information it would like on key UN figures – it later emerged the CIA had asked for the information.

"Officially, the panel is called the WikiLeaks Task Force. But at CIA headquarters, it's mainly known by its all-too-apt acronym: WTF."

All Democratic senators returning next year have signed a letter to Senate Majority Leader Harry Reid, D-Nev., urging him to consider action to change long-sacrosanct filibuster rules.

The letter, delivered this week, expresses general frustration with what Democrats consider unprecedented obstruction and asks Reid to take steps to end those abuses. While it does not urge a specific solution, Democrats said it demonstrates increased backing in the majority for a proposal, championed by Sen. Tom Udall, D-N.M., and others, weaken the minority’s ability to tie the Senate calendar into parliamentary knots.

This change can only come about if a fairly obscure change is made to the Senate rules first: The Senate currently describes itself as a continuing body, meaning that any changes in the rules at the start of a new Congress require a ⅔ majority.

If the President of the Senate, Vice President Biden, were to rule that the Senate Wasn't a continuing body, then that could be approved by a simple majority vote, as could the filibuster rule changes.

I would not something else interesting about the various proposals, it looks like Reid will accept a proposal to have committee chairs elected by secret ballot, as opposed to the current regime, where there is only a vote if another Senator publicly objects.

The final numbers for US GDP in the 3rd quarter came in, and they were slightly lower than estimates, with a 2.6%, as opposed to the 2.7% forecast, growth rate, while core inflation was at a 50 year low.

Bank of America has snapped up hundreds of abusive domain names for its senior executives and board members in what is being perceived as a defensive strategy against the future publication of damaging insider info from whistleblowing Website WikiLeaks.

According to Domain Name Wire, the US bank has been aggressively registering domain names including its board of Directors' and senior executives' names followed by "sucks" and "blows".

For example, the company registered a number of domains for CEO Brian Moynihan: BrianMoynihanBlows.com, BrianMoynihanSucks.com, BrianTMoynihanBlows.com, and BrianTMoynihanSucks.com.

You know, I REALLY don't think that this is going to help when people realize that you were smoking cigars lit from the original notes of mortgages that you have foreclosed on, and that you used homeless orphans as ash trays.

More seriously, if Wikileaks has your documents, then people will go there, or to one of its legion of mirrors, to get that information.

I still don't see any gazillion dimensional chess here, but it's a good day.

BTW, since the bill gives the military fairly broad discretion in how the ban is phased in, I would take even money that separations from the military will be continuing into 2012, because Obama won't push the military on this.

Top policymakers at the Federal Reserve are fighting efforts to rein in widely reported bank abuses, sparking an inter-agency feud with the FDIC and the Treasury Department. The Fed, along with the more bank-friendly Office of the Comptroller of the Currency, is resisting moves to craft rules cracking down on banks that charge illegal fees and carry out improper foreclosures. The FDIC supports such rules, according to an FDIC official involved in the dispute.

The new regulations would rein in debt collection, loan modification and foreclosure proceedings at bank divisions called "mortgage servicers." Servicers have committed widespread fraud in the foreclosure process. While the recent robo-signing of fraudulent documents has received the most attention, consumer advocates have complained about improper fees and servicer mistakes that lead to foreclosure for years.

This is what happens when you put an organization that is chartered to protect and support banks in charge of regulating them.

Instead of reigning in excesses, they validate those excesses, so the Fed is attempting to throw away something like 300 years of established property law so that the banksters can take you house for no reason at all.

The White House is preparing an Executive Order on indefinite detention that will provide periodic reviews of evidence against dozens of prisoners held at Guantanamo Bay, according to several administration officials.

The draft order, a version of which was first considered nearly 18 months ago, is expected to be signed by President Obama early in the New Year. The order allows for the possibility that detainees from countries like Yemen might be released if circumstances there change.

But the order establishes indefinite detention as a long-term Obama administration policy and makes clear that the White House alone will manage a review process for those it chooses to hold without charge or trial.

The law here is clear.

If we are at war, and I understand the argument that the authorization for the use of force might constitute this, then you can detain people without access to the legal process, as prisoners of war, with all the rights pertaining to that status.

This is not about prisoners of war. This is about the king throwing people in jail on nothing but his word, and it is antithetical to American founding principles, which should be obvious to everyone, except perhaps for the worst constitutional law professor ever.

I don't mean that there is physical damage to his penis. I mean that the Brit Milah, the first mitzvah that a Jewish boy experiences, is supposed to, you know, make you Jewish, and Brooks' biography states that he is a Jew did not work. This guy is about as Jewish as Ann Murray.

Somehow or other he manages to express dumbfounded amazement at his experience at having a discussion with a Jewish theologian where she makes points that are so mainstream in Judaism that you can't hear a Rabbi's sermon without hearing at least one of them twice:

In her classes and groups, she tries to create arduous countercultural communities. “We live in a relativistic culture,” she told me. Many people have no firm categories to organize their thinking. They find it hard to give a straight yes or no answer to tough moral questions. When they go in search of answers, they generally find people who offer them comfort and ways to ease their anxiety.

[Dr. Erica] Brown tries to do the opposite. Jewish learning, she says, isn’t about achieving tranquility. It’s about the struggle. “I try to make people uncomfortable.”

Shocking, here is a Jew who asks a question in response to a question. What do you think of that?

Brown seems to poke people with concepts that sit uncomfortably with the modern mind-set — submission and sin. She writes about disorienting situations: vengeance, scandal, group shame. During our coffee, she criticized the way some observers bury moral teaching under legal casuistry and the way some moderns try to explain away the unfashionable things the Torah clearly says.

Sorry, but I've heard this from Reform Rabbis through black hat Orthodox.

I don't mean to imply that she is not a rigorous thinker, or that she might not be an engaging teacher. What I am saying is that this is completely mainstream Jewish thought, and that any Jew who expresses surprise and wonderment at what is standard boiler plate for a B'nei Mitzvah speech given by a 13 year old.

I have seen such expressions of surprise from Christians that I've dealt with, I recall a Pentecostal woman in college who was stunned when I noted that the afterlife was simply not particularly important in Judaism, for example (It's orthogonal to Tikkun Olam), which blew her mind.

It's one of the reasons that I object to the term "Judeo Christian," because there are real and deep differences in ethics and philosophy. I would argue that existentialism, with its focus on personal responsibility, is actually closer to Judaism than many of the strands of Christian theology.

As Ioz observes, "This is like a Catholic expressing surprise at the trinity."

I am not sure if he's really stupid, or if his hanging out with right wingers, who either are evangelicals, or who find evangelicals "useful idiots," but he really needs to spend some time listing to the rabbi's sermons, as opposed to playing on his Blackberry.

I would also note that the FCC decided not to define broadband back to a telecommunications service (Title II), and instead have elected to have it remain a data service (Title I) which the courts have already slapped down the FCC about, so not only are these rules toothless, they are almost certainly going to be overturned in court.

Once again, the Obama administration has decided to treat the miscreants, in this case the incumbents who have taken billions in subsidies to make the US last in the developed world on connectivity and cost, as partners to be parleyed with, and given them pretty much what they want.

20 December 2010

Seriously. We have his fingerprints all over the outing of CIA operative Valerie Plame, over the firing of US Attorneys who refused to engage in political witch hunts, and on the political prosecution of Don Siegelman.

These days, Sweden and the United States are apparently undertaking a political prosecution as audacious and important as those by the notorious "loyal Bushies" earlier this decade against U.S. Democrats.

The U.S. prosecution of WikiLeaks, if successful, could criminalize many kinds of investigative news reporting about government affairs, not just the WikiLeaks disclosures that are embarrassing Sweden as well as the Bush and Obama administrations. Authorities in both countries are setting the stage with pre-indictment sex and spy smears against WikiLeaks leader Julian Assange, plus an Interpol manhunt.

"This all has Karl's signature," a reliable political source told me a week and a half ago in encouraging our Justice Integrity Project to investigate Rove's Swedish connection. "He must be very happy. He's right back in the middle of it. He's making himself valuable to his new friends, seeing the U.S. government doing just what he'd like ─ and screwing his opponents big-time."

The theory here is that Rove has something to cover up that Wikileaks has.

That's possible, but I am more concerned about the possibility that someone in the Obama may have affirmatively sought him out in order to set something up against Assange and Wikileaks.

If that is the case, then we are in a much bigger world of hurt than previously imagined.

Until the late 1970s, legally licensed low power non commercial radio was a fairly common thing, but then NPR successfully lobbied the FCC to terminate those licenses to eliminate the competition and to open up airwaves for their expansion.

Matt Taibbi is all over this, and while the suit is civil and not criminal, and so a loss would not put the accounting firm in the same position as Arthur Anderson, which was shut down as a result of a criminal conviction stemming from the collapse of Enron. (Since reversed, but they are still dead)

Basically, it comes down to a way that Lehman used an arcane financial instrument called a "Repo 105" to conceal its debt, and his example is spot on"

These Repo 105 transactions are just loans that Ernst and Young and Lehman Brothers conspired to book as revenue from sales. If I go to you and I ask you to lend me a hundred bucks to pay for Knicks tickets, that’s a loan, and you and I and the SEC and every investor on Wall Street all know I’m in debt to you, that I owe you a hundred bucks.

Here’s how Lehman Brothers paid for their Knicks tickets: a week before the game, they went to you and offered to you “sell” you their worthless puke-stained lava lamp for a hundred bucks, with the understanding that two days after the Knicks game, it would come back and “buy” the lamp back for the same $100 (plus a small commission for your trouble). And when Lehman pocketed that $100 from the initial transaction, they decided to call that not borrowing but a true sale, i.e. they booked that hundred bucks as revenue from an honest sale of a worthless piece-of-sh%$ lava lamp.

In 2007 and 2008 Lehman would do this before the end of every quarter. They would "sell" billions of dollars of assets, typically bonds, to various companies, and use that money to pay down debt before the quarter’s end, so that they didn’t look so flat-ass broke to investors. Then, a week or so after the end of the quarter, they would go out and borrow more money, and then "buy" the assets back. The reasons they did this were myriad, but in most cases the assets they were "selling" were depressed in value at the time and could not have been sold at anything like face value had they really gone out on the market and tried. So instead of really "selling" these items on their balance sheet, they worked together with other companies to jury-rig these “repurchase” agreements that looked like sales but were actually loans.

(%$ mine)

There are two possibilities here for Ernst & Young: Either they were negligent, and hence they owe damages, or they complicit, in which case they are criminally liable, and could suffer the same fate as Anderson .

My hope is that the accounting firm will turn on former Lehman executives, most notably Dick Fuld, to get out from under, and we may see our first big banker criminal case as a result.

My fear is that this will be another 8 figure fine with no criminal prosecutions.

The tax deal negotiated by President Barack Obama and Senate Republican leader Mitch McConnell of Kentucky is just the first part of a multistage drama that is likely to further divide and weaken Democrats.

The second part, now being teed up by the White House and key Senate Democrats, is a scheme for the president to embrace much of the Bowles-Simpson plan — including cuts in Social Security. This is to be unveiled, according to well-placed sources, in the president’s State of the Union address.

This is bad policy, it's bad politics.

You could call it political Seppuku, but I think that is more accurately the deliberate and premeditated murder of the New Deal, and the marginalization of the Democratic Party for at least a generation.

I can no longer attribute this to incompetence or cowardice. This is deliberate malice:

When historians look back at 2008-10, what will puzzle them most, I believe, is the strange triumph of failed ideas. Free-market fundamentalists have been wrong about everything — yet they now dominate the political scene more thoroughly than ever.

How did that happen? How, after runaway banks brought the economy to its knees, did we end up with Ron Paul, who says “I don’t think we need regulators,” about to take over a key House panel overseeing the Fed? How, after the experiences of the Clinton and Bush administrations — the first raised taxes and presided over spectacular job growth; the second cut taxes and presided over anemic growth even before the crisis — did we end up with bipartisan agreement on even more tax cuts?

……

Yes, politics is the art of the possible. We all understand the need to deal with one’s political enemies. But it’s one thing to make deals to advance your goals; it’s another to open the door to zombie ideas. When you do that, the zombies end up eating your brain — and quite possibly your economy too.

Go read.

It is a good analysis, but I think rather incomplete.

He seems to think that Barack Obama, in his attempts to appease Republicans, has given them cover to promulgate these failed ideas.

I think that this is too Byzantine an explanation. The simpler explanation is that Barack Obama gives lip service to these failed ideas because he actually believes in these ideas.

It explains his unwillingness to prosecute the banksters, their fraud against consumers in the HAMP, their attempts to water down financial reform, etc.

This is not cowardice. This is corporatist thinking to a degree that makes Bill Clinton looks like Karl Marx.

Not only does Barbour have a long tradition of appealing to bigots, but it is clear that he wants to run for president, and a not so veiled appeal to the tradition of white bigotry in the South goes a long way towards appealing to that demographic in the primaries.

19 December 2010

They did this, as opposed to breaking it down and shipping it via truck or inside an aircraft, because it was not designed with a wing break at the attachment, which makes disassembly and reassambly a rather non-trivial operation.

This is very good news, but understand that this bill does not set the speed or manner by which the military will end this policy, which means that I expect to see them slow walking this, with separations continuing for some tome, and with the Obama administration doing nothing to ensure that discrimination does not remain the policy of the Pentagon.

Compare their progress to those of the Icelanders, Dr. Krugman supplied the graph pr0n) who devalued, and eschewed austerity.

Note also that Iceland's meltdown was the most severe this far seen, but, because they eschewed the nattering nabobs of negativism that are the pain caucus, they had what amounts to the mildest and shortest downturn.

It's jobless Thursday, and initial claims fell by 3,000 to 420,000, and the 4-week moving average fell by 5,250 to 422,750, another 2+ year low, but continuing claims rose by 22,000 to 4.14 million, and emergency/extended claims rose by 324,537 to 4.83 million.

I would call that mixed. Fewer people losing their jobs, but people looking for work are not finding it.

Ireland's constitutional ban on abortion violates the rights of pregnant women to receive proper medical care in life-threatening cases, the European Court of Human Rights ruled Thursday in a judgment that harshly criticized Ireland's long inaction on the issue.

The judgment from the Strasbourg, France-based court will put Ireland under pressure to draft a law extending limited abortion rights to women whose pregnancies represent a potentially fatal threat to their own health.

Sources on the Hill are telling me a big reason DADT repeal isn't moving faster comes right from 1600 Pennsylvania Ave. Despite President Obama's public support for repeal, with DADT stacked up against the START nuclear arms reduction treaty that Obama carefully brokered with the Russians earlier this year, the White House is putting its legislative push behind START.

At this point, with more than the 60 votes secured to invoke cloture on a repeal bill in the Senate, obstacles to repealing DADT legislatively are a simple combination of time and priorities. Time is short in the lame duck session, and DADT repeal is just one of many items the Senate would like to address before it adjourns. Where repeal slots into the remaining legislative calendar, and how much time is left in that calendar when it does pop up, will make the difference between repealing the ban and keeping the status quo.

I strongly disagree with the next paragraph though:

No one questions that Obama wants to see DADT end, or that he wants to see it end this year. The concern is over the priorities: Obama, it seems, wants START to come first. And with the White House pushing START (in daily phone calls from top White House officials, according to one source on the Hill), Obama could end up standing in the way of DADT getting done.

Truth be told, Barack Obama's excuses for not supporting LGBT civil rights, whether it's his slow-walking DADT, or aggressively defending it in court, or ignoring judges orders to recognize gay marriages where they are legal, etc. rivals John McCain's flip flops on gay rights for their mendacity.

Britain's high court today granted bail to Julian Assange, the WikiLeaks founder who is wanted in Sweden for questioning over allegations of rape.

Mr Justice Duncan Ouseley agreed with a decision by City of Westminister magistrates court earlier in the week to release Assange on strict conditions: £200,000 cash deposit, with a further £40,000 guaranteed in two sureties of £20,000, and strict conditions on his movement.

Federal prosecutors, seeking to build a case against the WikiLeaks leader Julian Assange for his role in a huge dissemination of classified government documents, are looking for evidence of any collusion in his early contacts with an Army intelligence analyst suspected of leaking the information.

Justice Department officials are trying to find out whether Mr. Assange encouraged or even helped the analyst, Pfc. Bradley Manning, to extract classified military and State Department files from a government computer system. If he did so, they believe they could charge him as a conspirator in the leak, not just as a passive recipient of the documents who then published them.

Among materials prosecutors are studying is an online chat log in which Private Manning is said to claim that he had been directly communicating with Mr. Assange using an encrypted Internet conferencing service as the soldier was downloading government files. Private Manning is also said to have claimed that Mr. Assange gave him access to a dedicated server for uploading some of them to WikiLeaks.

It should be noted that these activities, cultivating and providing a source a way to get his information to you, are staples in the diet of investigative journalism.

Any prosecution under these circumstances would be an full frontal assault on freedom of the press, which is profoundly disturbing to anyone who cares at all about the Constitution.

Unfortunately, I think that this sort of assault on the press, and by extension leaking, appears to be something that Barack Obama, who must have been the worst professor of Constitutional law ever, really would like to do.

His administration is more vociferously hostile toward leaks and leakers than Bush/Cheney ever was.

Of course, this is why this administration is allowing the leaker, PFC Bradley Manning to be tortured pre-trial, because they want to coerce an accusation against Assange.

Finally, the disability insurance program itself must be reformed. Program administrators understand the need to encourage beneficiaries to return to work, and they have experimented with various incentives. Such initiatives have generally been ineffective, though, because they reach beneficiaries too late, after they have already become dependent on the program and lost their attachment to the work force.

A better approach has been suggested by David Autor of M.I.T. and Mark Duggan of the University of Maryland. In a paper released last week from the Center for American Progress and the Hamilton Project, these economists argue that employers should be required to offer their workers private disability insurance. Such coverage would provide people who have a work-limiting disability with vocational assistance, workplace accommodation and limited wage replacement. All of these benefits would kick in within 90 days of the onset of disability, to avoid the problems with delayed assistance that have plagued efforts to reform public disability insurance. Private employers would have an incentive to prevent their workers from having to file disability applications, because their insurance premiums would rise in response to higher disability rates.

Disabled workers could remain on this privately financed insurance for two years, and then be eligible for the existing public program. The goal would be to minimize long-term dependency, and re-orient the federal disability insurance program toward assisting those who are truly unable to work.

(emphasis mine)

If you do not believe that Barack Obama and His Evil Minions™ want to privatize Social Security, you are a fool, because one of his closest confidants is suggesting privatizing disability insurance.

Think about this, with unemployment at a generational high, and new entrants to the work force unable to find jobs, Orzag wants something akin to insurance recission teams, the people who kicked cancer patients out of health insurance programs, to hound people who are on disability.

Basically, every person who is on disability is someone who is not competing with a kid fresh out of high school or college looking for their first job.

That's what, having "incentive to prevent their workers from having to file disability applications," means. It means allowing employers to use coercion to intimidate sick people so that they do not file claims.

This is how Peter Orzag rolls, and this is how Timmy Geithner rolls, and this is how Lawrence Summers rolls.

This is not a mistake. These are people who the President chose to execute his agenda, and the agenda is seriously right wing by any sane standard. (Note here that "sane standard" and "Republican Party" had a messy divorce in the 1990s.)

The "Broken Trust" target list resembles that of the President's "Interagency Financial Task Force," which has concentrated on minor criminals while studiously avoiding the big (and still deadly) fish (see "A Banker Can't Get Arrested In This Town"). Most of the Task Force's indictments involved a category of financial criminal we call "ABB" -- "anybody but bankers." There were software entrepreneurs, family investment firms, some Florida retirement advisors ... even a fraudulent psychic who claimed he could predict stock performance! (And no, it wasn't Jim Cramer.)

Holder's list of alleged "Broken Trust" victories is a similarly Faginesque assemblage of small-time grifters. It would make an ideal cast of characters for a Damon Runyon story or a Bertolt Brecht musical: There's a Miami-based Ponzi schemer who used his loot to buy basketball tickets and make yacht payments, a retired Ohio cop who scammed fellow police officers and some firefighters, and the New Jersey hustler who scammed people so he could buy three luxury cars and two country club memberships.

This is clearly top down policy.

You see it from Treasury, you see it from the Department of Justice, you see it from Obama's entire domestic policy team.

Bradley Manning, the 22-year-old U.S. Army Private accused of leaking classified documents to WikiLeaks, has never been convicted of that crime, nor of any other crime. Despite that, he has been detained at the U.S. Marine brig in Quantico, Virginia for five months -- and for two months before that in a military jail in Kuwait -- under conditions that constitute cruel and inhumane treatment and, by the standards of many nations, even torture. Interviews with several people directly familiar with the conditions of Manning's detention, ultimately including a Quantico brig official (Lt. Brian Villiard) who confirmed much of what they conveyed, establishes that the accused leaker is subjected to detention conditions likely to create long-term psychological injuries.

Since his arrest in May, Manning has been a model detainee, without any episodes of violence or disciplinary problems. He nonetheless was declared from the start to be a "Maximum Custody Detainee," the highest and most repressive level of military detention, which then became the basis for the series of inhumane measures imposed on him.

From the beginning of his detention, Manning has been held in intensive solitary confinement. For 23 out of 24 hours every day -- for seven straight months and counting -- he sits completely alone in his cell. Even inside his cell, his activities are heavily restricted; he's barred even from exercising and is under constant surveillance to enforce those restrictions. For reasons that appear completely punitive, he's being denied many of the most basic attributes of civilized imprisonment, including even a pillow or sheets for his bed (he is not and never has been on suicide watch). For the one hour per day when he is freed from this isolation, he is barred from accessing any news or current events programs. Lt. Villiard protested that the conditions are not "like jail movies where someone gets thrown into the hole," but confirmed that he is in solitary confinement, entirely alone in his cell except for the one hour per day he is taken out.

It should be noted that this sort of treatment produces profound long term damage to mind that is akin to traumatic brain injury.

This is deliberate punitive torture, and its purpose is two fold:

To serve as a warning to other whistle blowers.

To coerce false testimony that can be used to prosecute Julian Assange.

Welcome to Barack Obama's America, which is a lot like George W. Bush Dick Cheney's America, only less respect for due process and transparency.

Treasury Secretary Timothy Geithner has authorized big payouts to banks in an effort to encourage mortgage modifications, but is preventing borrowers in danger of losing their homes from accessing legal assistance under the Obama administration's foreclosure relief plan -- even when banks are wrongfully or fraudulently attempting evictions.

As of August, the administration's foreclosure prevention program -- which had paid a total of $231.5 million to banks -- had paid nothing specifically for borrower's legal fees, despite the urging of congressional Democrats who say legal funding is critical to easing the crisis.

Democrats from foreclosure-battered states are pushing new legislation that would overrule Geithner's edict, but the legislation is doomed this session with apathy from leadership in both parties and a packed lame duck calendar.

It's easy to blame Timothy "Eddie Haskell" Geithner for all of this, but the reality is that he is Barack Obama's man, and he is where he is because Barack Obama wants him there, coddling bankers and defrauding homeowners.